China Shipbuilding Power: Convertible bond conversions boost share capital

In the third quarter of 2025, China Shipbuilding Industry Group Power Company's "动力定 02" convertible bond balance decreased by CNY 12,747,000 due to conversions. This resulted in an increase of 647,369 shares in the company's capital. As of September 30, 2025, the remaining balance for "动力定 02" stands at CNY 289,001,000, representing 13.4890% of the total issuance.

Cumulatively, as of September 30, 2025, the "动力定 02" convertible bonds have seen a reduction of CNY 1,210,999,000 due to conversions. This has led to a total increase of 60,569,108 shares, representing 2.8032% of the total shares outstanding before the "动力定 02" conversions. Including the delisted "动力定 01" convertible bonds, the cumulative conversion accounts for 4.2962% of the pre-conversion total shares.

The company's latest convertible bond conversion price for "动力定 02" was adjusted to CNY 19.69 per share on June 6, 2025, following the 2024 annual cash dividend distribution. This marks a series of adjustments since the initial conversion price of CNY 20.23 per share.